IOSCO Chair speaks on adoption of the ISSB standards
27 Feb, 2024
In a speech at the IFRS Sustainability Symposium on 22 February 2024, Jean-Paul Servais, Chair of the International Organization of Securities Commissions (IOSCO), highlighted the role of jurisdictions in the adoption of the ISSB standards.
In the speech, Mr Servais said that after the publication of the ISSB standards and their endorsement by IOSCO, it is now up to jurisdictions to consider ways in which they will adopt, apply or be informed by the ISSB standards in their own local settings. In his view, these jurisdictional decisions on adoption will determine how entities behave and whether global comparability of sustainability reporting can be achieved. He pledged that IOSCO will play its role in assisting jurisdictions as they consider implementing the ISSB standards.
He also acknowledged the ongoing efforts of the ISSB to develop an adoption guide to support jurisdictions in their implementation considerations of its standards, as well as to provide educational materials to help entities in applying the standards.
Please click to access the full text of the speech on the IOSCO website.
